Alpha Capital Review 2026: An In-Depth Guide - Rules, Payouts, and Discount

Alpha Capital Review 2026: Rules, Payouts, and Evaluation Options

Alpha Capital stands out in the 2026 prop firm landscape as a UK-based provider focused on forex traders who prioritize transparent rules and an 80 percent profit split. Founded in 2021, the firm offers account sizes from $5,000 to $200,000 with evaluation fees beginning at $35. In our analysis of 24 active plans, the average price per thousand dollars of buying power equals $7 on the smallest three-step account, rising for larger sizes while maintaining consistent splits.

Alpha Capital Quick Overview

Traders evaluating funded opportunities in 2026 often compare drawdown models and minimum trading days across multiple firms. Alpha Capital provides both trailing and static drawdown options within the same company, a structure that gives users flexibility not found at every competitor.

Lune prop firm directory lists Alpha Capital among 47 firms with live challenge data. Users can filter exact daily loss limits and minimum trading days to match personal risk tolerance before selecting a plan.

Current Deals and Promo Codes

As of June 2026, Alpha Capital lists no active promo codes through standard channels. Evaluation accounts begin at $50 for the 5K one-step plan, with the 80 percent profit split applying across all sizes. Traders should monitor the official site for seasonal updates.

Many prop firms refresh codes monthly. Bookmark the Lune prop firm directory to track changes across 47 firms in one place.

What Is Alpha Capital?

Company Background

Alpha Capital Group launched in November 2021 and operates from Harpenden in the United Kingdom. The firm supplies simulated funded accounts from $5,000 to $200,000 through one-step, two-step, and three-step evaluations. All programs center on forex trading with an 80 percent profit split paid on demand or bi-weekly. Evaluation fees range from $35 to $1,090, and the company reports more than 1.2 million traders across 140 countries with over $100 million paid in performance fees.^[1]

Key Differentiators

Alpha Capital offers both trailing and static drawdown models in one firm. The Alpha One series uses trailing drawdown that resets only on equity highs, while Alpha Pro and Alpha Swing switch to fixed static limits after evaluation. Most plans require only three minimum trading days, below the five-to-ten-day median at many competitors. Trustpilot shows a 4.5 out of 5 rating from 19,265 reviews as of mid-2026.^[2]

How Alpha Capital Works in 2026

Alpha Capital runs a clear evaluation system that lets traders prove skills before accessing simulated funded accounts. The process starts with choosing one of three program types, each setting specific profit targets and risk limits based on account size.

Evaluation Process

1. Sign up at the Alpha Capital site and select an account size from $5,000 to $200,000.
2. Pick a program such as Alpha One for one-step or Alpha Pro for two-step challenges.
3. Pay the one-time fee and begin trading under the stated rules.
4. Hit the profit target while staying inside daily and max loss limits.
5. Complete the minimum trading days required for your plan.

For example, the Alpha One 10K challenge requires a $1,000 profit target, a $400 daily loss limit, and a $600 trailing max loss. You must trade at least one day. The fee is $100. Meeting these rules moves you to the next stage.

Funded Account Phase

Once you pass the evaluation, you receive an 80 percent profit split on a simulated funded account. Payouts occur on demand or bi-weekly depending on the plan. No monthly fees apply after funding. Alpha Capital pays out over $100 million in performance fees to date across more than 1.2 million traders.^[2]

Alpha Capital Account Options and Pricing

Alpha Capital offers 24 evaluation plans across four programs. Account sizes range from $5,000 to $200,000 with 80 percent profit splits. All plans use one-time fees and allow unlimited trading days.

The $5K Alpha Three plan gives the strongest price-to-account ratio at $7 per thousand dollars of buying power. Traders evaluating multiple firms can cross-check these rules against 47 other prop firms using Lune's comparison directory.

Rules of the Alpha Capital Program

Trading Rules

Alpha Capital runs evaluations across one-step, two-step, and three-step programs. Minimum trading days range from 1 in the Alpha One series to 3 in the Alpha Pro and Alpha Swing series. Scalping receives explicit approval. News trading, weekend holding, and overnight holding rules stay unspecified in the published terms.

Risk Management Rules

Daily loss limits start at 4 percent of the starting balance in most programs. Maximum drawdown appears as either trailing or static depending on the challenge type. No monthly subscription fees apply. Consistency rules remain disabled across every plan. Profit splits reach 80 percent with on-demand or bi-weekly payout options once funded. Lune's prop firm comparison tool at /prop-firm lets you filter these exact parameters against 47 other firms.

Payout Structure and Profit Sharing

Alpha Capital structures payouts around an 80 percent profit split for traders across every evaluation program. Payout frequency varies by challenge. Alpha One and Alpha Swing programs support on-demand payouts. Alpha Pro and Alpha Three programs allow bi-weekly or on-demand options.

Consider a concrete case. A trader passes the Alpha One 50K challenge and generates $5,000 in profits on the funded account. At the 80 percent split, the trader receives $4,000 while the firm keeps $1,000. Traders evaluating multiple firms can compare these terms side-by-side using Lune's prop firm directory at lunefi.com/prop-firm.